Altria: 8.5% Dividend Looks More Attractive In An Overheated Stock Market
MOAltria(MO) Seeking Alpha·2024-06-26 11:28
krblokhinAltria Group (NYSE:MO) has shown some bullish rally in the year-to-date but the stock price is still 40% below the past peak of $75 hit in 2017. One of the key reasons behind the negative sentiment towards Altria stock is the rapid decline in the shipment volume of its smokeable products. In the latest quarter, total cigarette volume declined by 10% YoY and its Marlboro brand declined by 8.7%. The shipment volume has been declining for most of the last decade, and this decline has increased ove ...